Socrates Project

The Project is located approximately 11km northwest of the south-eastern margin of the Yilgarn Craton, in the Kurnalpi Terrane of the Eastern Goldfields Superterrane (Figure 4). The area is dominated by northwest-trending belts of Archean metasedimentary rocks, mafic volcanic and intrusive rocks and large granitic intrusions.

A series of major NNW-oriented shears extend through the Project that separate broad packages of folded Archean rocks and extend south to the Cundeelee Fault which marks the northeast-trending contact between the Yilgarn Craton and the Albany Fraser Orogen.

Previous geochemical surveys and magnetics carried out over Socrates defined a 450m target zone striking NNW. Nelson Resources conducted a maiden 23-hole RC drilling program in early 2018 for 1210 metres. Significant intercepts included:

  • 5m @ 5.95g/t Au from 12m

Including 2m @ 11.63g/t Au from 13m

  • 8m @ 2.85g/t Au from 14m

Including 2m @ 8.35g/t Au from 15m

  • 2m @ 4.42g/t Au from 28m
  • 3m @ 8.13g/t Au from 40m

Including 1m @ 15.2g/t Au from 41m

  • 9m @ 2.28g/t Au from surface
  • 15m @ 2.67g/t Au from 31m

Including 4m @ 4.7g/t Au from 38m

  • 14m @ 6.96g/t Au from 20m

Including 2m @ 14.7g/t Au from 24m and 2m @ 23.5g/t Au from 27m

  • 2m @ 16.72g/t Au from 48m

A second 18-hole RC drilling program for 3248 metres was conducted in July/August 2018. The drilling extended the area of known mineralisation to 300m in strike.

Multiple significant results from second stage drilling include:

  • 192m at 0.5g/t Au from 58m, ending in mineralisation
  • Including 9m at 2.14 g/t Au from 111m & 2m at 4.86g/t Au from 118m
  • 8m at 3.53g/t Au from 194m
  • Including 2m at 7.42g/t Au from 194m
  • 7m at 2.16g/t Au from 131m
  • 7m at 3.01g/t Au from 260m
  • Located 250m NW of previous drilling

 

Understanding the structural controls of the mineralisation is vital to plan the progression of this prospect. Therefore, the company conducted a series of downhole surveys in early 2019, which are in the process of being implemented in a 3D model.